Fidelity National Information Services (NYSE:FIS) Updates Q3 Earnings Guidance

Fidelity National Information Services (NYSE:FISGet Rating) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $1.74-$1.78 for the period, compared to the consensus EPS estimate of $1.90. The company issued revenue guidance of $3.580-$3.635 billion, compared to the consensus revenue estimate of $3.74 billion. Fidelity National Information Services also updated its FY22 guidance to $7.00-$7.10 EPS.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $0.80 during midday trading on Friday, reaching $97.37. The company’s stock had a trading volume of 3,425,999 shares, compared to its average volume of 2,920,782. The business has a 50-day moving average price of $97.38 and a 200-day moving average price of $99.82. Fidelity National Information Services has a 52 week low of $85.00 and a 52 week high of $135.62. The stock has a market cap of $59.20 billion, a PE ratio of 70.56, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 0.25.

Fidelity National Information Services (NYSE:FISGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.01. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Services will post 7.13 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.88 annualized dividend and a dividend yield of 1.93%. Fidelity National Information Services’s dividend payout ratio is 136.23%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Robert W. Baird decreased their price objective on Fidelity National Information Services from $130.00 to $120.00 and set an outperform rating for the company in a report on Friday. Citigroup decreased their price objective on Fidelity National Information Services from $138.00 to $130.00 in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on Fidelity National Information Services from $155.00 to $116.00 in a report on Wednesday, April 20th. Morgan Stanley decreased their price target on Fidelity National Information Services from $102.00 to $100.00 and set an equal weight rating for the company in a report on Thursday, June 30th. Finally, Wolfe Research decreased their price target on Fidelity National Information Services from $165.00 to $135.00 in a report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $129.23.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its position in Fidelity National Information Services by 83.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 130 shares during the last quarter. Covestor Ltd grew its position in Fidelity National Information Services by 102.2% during the 1st quarter. Covestor Ltd now owns 641 shares of the information technology services provider’s stock worth $64,000 after acquiring an additional 324 shares during the last quarter. Continuum Advisory LLC bought a new position in Fidelity National Information Services during the 1st quarter worth approximately $291,000. SkyView Investment Advisors LLC grew its position in Fidelity National Information Services by 8.8% during the 1st quarter. SkyView Investment Advisors LLC now owns 3,064 shares of the information technology services provider’s stock worth $302,000 after acquiring an additional 247 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in Fidelity National Information Services by 3.8% during the 1st quarter. EP Wealth Advisors LLC now owns 3,098 shares of the information technology services provider’s stock worth $311,000 after acquiring an additional 112 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

(Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

Further Reading

Earnings History and Estimates for Fidelity National Information Services (NYSE:FIS)

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